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year with no deal, our next guest says it might not matter who gets the upper hand at all. mike, happy new year. good to see you again. >> same to you. >> you're talking about a ten year time horizon even with all the drama that we're witnessing todaynd at uncertainty among investor, you say long term, i think you use the words virtually guarantees the focus on the ten year guarantees longer run sustainability will not be attained despite this battle. >> that's right. if you look at the long run projections, the problems really intensify after 2025 when the baby boom retirement interacts with rising health care costs. 2013 to 2022 basically misses when we really start to see sustainability issues get much worse. so i do think that the focus on the ten year horizon kind of guarantees that whatever solution we'll get doesn't address those longer term issues. >> i guess a lot of people would agree with you. is there any chance though that somehow congress finds some discipline deep down and surprises us all? is that even possible? >> well, one can always hope, but it certainly sounds like
. [ stand by audio difficulty ] >> she is right across the room. got to get the mike to work. we'll go meantime to john harwood. the president, i think it is a package here, talking about the hopes of avoiding the fiscal cliff but what is on the agenda after the first of the year. john harwood takes a look at some of the predictions for the white house in 2013. >> president obama's re-election campaign was long on effective arguments but short on details of exactly what he will do after his second-term inaugural parade takes place on pennsylvania avenue. suddenly, three big priorities have come into focus. tax reform, immigration, and gun control. tax reform is driven by the fiscal cliff debate. it is the only way to maximize revenue while minimizing tax rate increases. but this white house has always been skeptical tax reform could become a reality given support for popular loopholes so count this obama goal unlikely to happen. comprehensive immigration reform took a back seat in president obama's first term. but after hispanic voters helped him win a second one, he can't avoid it now
channel mike seidel has made his way from oklahoma to upstate new york. hey, mike. >> reporter: that's right. we've been following my travels on the air with you on msnbc. in buffalo we picked up 11 inches, ending the snow drought and going into the storm, they only had 6 inches, and that said, they ended in good shape. it fell from 1:00 yesterday afternoon to 1:00 this morning and free and clear in new york. they used a lot of salt and a lot of plowing. they don't mess around up here. we still have issues today. talking about the outsider rondex. northern new england gets slammed with 12-18 inches of snow. burlington, the western suburbs of boston and loganton all wind and bangor, where the winds condition. checking laguardia and newark delays, about an hour to hour and a half. we still have a lot of cancellations today, upwards of 600. yesterday, we had over 1700 cancellations. things are improving slowly at the airports as snow winds down in buffalo. next system due in saturday, looking like a much weaker event especially in the northeast. maybe 1-3 inch in philly and new york cit
and investor for mike cavanau cavanaugh, the new ceo of investment bank and not so dark horse to succeed dimon. the consumer financial protection view will crackdown on overdraft fees. with the help of the fed's two key facets of dodd frank will reach the finish line. the regulation of the trillion dollar derivatives industry will finish. if either of these hurt competition abroad, expect banks to sue. >>> this christmas eve cnbc got a letter from one bernie madoff. in it he offered the gift of some insight into insider trading. senior correspondent scott cohn joins us on the phone. good morning. >> good morning, karl. bernie madoff has time on his hands. now he spends time communicating with a handful of us off the record. he made a rare exception on christmas eve in an on the record letter that does not address his own situation but he talks about the challenges he sees for regulators. dark pools. those off exchange trading regulations that create a lack of transparency in the markets and turn inside information into gold. the more secret this information, he writes, the more valuable it is
everyone? oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or withou
Search Results 0 to 4 of about 5